Multi-family

Prime Investment Opportunity in the Heart of Chelsea

Address: 101 7th Ave, New York, NY, 10011
Price: $14,000,000
Type: Condo – 3 Star Hi-Rise Apartments
Sale Type: Investment or Owner User
Units: 155
Stories: 19
Class: B
GBA: 195,190 SF
Typical Floor: 10,273 SF
Building Height: 175′
# of Buildings: 1
Units per Area: 5167/AC
Market Segment: All
Rent Type: Market

Overview:
Located in one of Manhattan’s most desirable neighborhoods, Chelsea, this 155-unit, 19-story condo presents a rare opportunity for both investors and owner-users. With a generous 195,190 SF of space, this property offers the potential for a lucrative investment or a stunning residential retreat in the heart of the city. Priced at $14,000,000, the property boasts a combination of a prime location, spacious floor plans, and solid building specifications.

Key Features:

Prime Chelsea Location:
Chelsea, known for its vibrant arts scene, trendy restaurants, and easy access to transportation, provides the perfect setting for this upscale condo building. Its central location in the heart of Manhattan ensures residents or tenants are just steps away from a variety of cultural attractions and professional hubs.

High-Rise Building with Ample Space:
The building’s 19 stories offer expansive floor plans, with each typical floor measuring 10,273 SF. With a total gross building area of 195,190 SF, this property provides a significant amount of space for residential or mixed-use purposes. The building’s height of 175′ ensures spectacular views of the surrounding cityscape.

Investment or Owner-User Potential:
This property is a versatile option for investors looking to take advantage of the booming New York City real estate market or for owner-users seeking a grand space in one of the city’s most sought-after neighborhoods. The flexible layout and market rent pricing make it a viable option for a range of business models.

Building Specifications:

• 155 residential units
• Class B high-rise building
• Gross building area (GBA) of 195,190 SF
• Units per area: 5,167/AC
• Located in a prime Central Business District (CBD) location

Highlights:

• $14,000,000 for the entire property
• Prime Chelsea location with proximity to cultural, dining, and business hubs
• 19 stories and 155 residential units
• Spacious 10,273 SF typical floor plan
• Potential for both investment returns and owner-user occupancy
• Strong market demand for high-rise condos in this central area

This is an exceptional opportunity for buyers seeking a strategic, income-generating property in the heart of Manhattan. Contact us today to schedule a viewing and explore the full potential of this extraordinary condo investment!